vs
Side-by-side financial comparison of Beeline Holdings, Inc. (BLNE) and Marwynn Holdings, Inc. (MWYN). Click either name above to swap in a different company.
Marwynn Holdings, Inc. is the larger business by last-quarter revenue ($2.3M vs $1.9M, roughly 1.2× Beeline Holdings, Inc.). Marwynn Holdings, Inc. runs the higher net margin — -116.0% vs -445.0%, a 328.9% gap on every dollar of revenue.
Beeline or билайн is a mobile network operator brand operating in Russia under PJSC VimpelCom, and in Kazakhstan, Kyrgyzstan and Uzbekistan under VEON Ltd. Beeline is Russia's fourth-largest mobile network operator, and main competitors being MTS, MegaFon and T2.
Marwynn Holdings, Inc. is a Canada-based investment holding company focused on acquiring, managing, and scaling middle-market businesses primarily across North America. Its core operating segments cover industrial products, consumer goods, and technology-enabled services, targeting sustainable long-term value creation for its stakeholders.
BLNE vs MWYN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9M | $2.3M |
| Net Profit | $-8.4M | $-2.7M |
| Gross Margin | — | 42.4% |
| Operating Margin | -418.4% | -115.8% |
| Net Margin | -445.0% | -116.0% |
| Revenue YoY | — | -13.3% |
| Net Profit YoY | -16.1% | -11713.9% |
| EPS (diluted) | — | $-0.16 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.9M | — | ||
| Q3 25 | $2.3M | $2.3M | ||
| Q2 25 | $1.7M | — | ||
| Q1 25 | $1.8M | $623.7K | ||
| Q3 24 | $783.0K | — | ||
| Q2 24 | $3.1M | — | ||
| Q1 24 | $2.5M | — | ||
| Q4 23 | $4.2M | — |
| Q4 25 | $-8.4M | — | ||
| Q3 25 | $-3.9M | $-2.7M | ||
| Q2 25 | $-4.1M | — | ||
| Q1 25 | $-6.8M | $23.4K | ||
| Q3 24 | $-1.4M | — | ||
| Q2 24 | $-1.5M | — | ||
| Q1 24 | $-1.3M | — | ||
| Q4 23 | $-2.1M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 42.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 39.2% | ||
| Q3 24 | 25.5% | — | ||
| Q2 24 | 5.0% | — | ||
| Q1 24 | 7.5% | — | ||
| Q4 23 | 5.4% | — |
| Q4 25 | -418.4% | — | ||
| Q3 25 | -120.9% | -115.8% | ||
| Q2 25 | -229.0% | — | ||
| Q1 25 | -268.7% | 13.5% | ||
| Q3 24 | -55.6% | — | ||
| Q2 24 | -11.4% | — | ||
| Q1 24 | -18.5% | — | ||
| Q4 23 | 12.6% | — |
| Q4 25 | -445.0% | — | ||
| Q3 25 | -167.2% | -116.0% | ||
| Q2 25 | -237.3% | — | ||
| Q1 25 | -372.4% | 3.8% | ||
| Q3 24 | -173.6% | — | ||
| Q2 24 | -48.6% | — | ||
| Q1 24 | -52.0% | — | ||
| Q4 23 | -51.2% | — |
| Q4 25 | — | — | ||
| Q3 25 | $-0.20 | $-0.16 | ||
| Q2 25 | $-0.64 | — | ||
| Q1 25 | — | $0.00 | ||
| Q3 24 | $-6.60 | — | ||
| Q2 24 | $-8.74 | — | ||
| Q1 24 | $-0.78 | — | ||
| Q4 23 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.1M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $53.6M | $2.3M |
| Total Assets | $70.2M | $11.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.1M | — | ||
| Q3 25 | $1.3M | — | ||
| Q2 25 | $6.3M | — | ||
| Q1 25 | $1.5M | $480 | ||
| Q3 24 | $310.0K | — | ||
| Q2 24 | $420.0K | — | ||
| Q1 24 | $147.0K | — | ||
| Q4 23 | $306.0K | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | $8.2M | — | ||
| Q2 24 | $8.1M | — | ||
| Q1 24 | $8.1M | — | ||
| Q4 23 | $8.0M | — |
| Q4 25 | $53.6M | — | ||
| Q3 25 | $51.7M | $2.3M | ||
| Q2 25 | $54.6M | — | ||
| Q1 25 | $47.1M | $2.4M | ||
| Q3 24 | $-2.5M | — | ||
| Q2 24 | $-1.9M | — | ||
| Q1 24 | $-476.0K | — | ||
| Q4 23 | $853.0K | — |
| Q4 25 | $70.2M | — | ||
| Q3 25 | $63.2M | $11.6M | ||
| Q2 25 | $68.6M | — | ||
| Q1 25 | $63.8M | $12.6M | ||
| Q3 24 | $16.2M | — | ||
| Q2 24 | $16.6M | — | ||
| Q1 24 | $17.0M | — | ||
| Q4 23 | $17.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | 9.43× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-21.4M | $-95.1K |
| Free Cash FlowOCF − Capex | $-21.5M | — |
| FCF MarginFCF / Revenue | -1143.3% | — |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-21.4M | — | ||
| Q3 25 | $-5.8M | $-95.1K | ||
| Q2 25 | $-4.1M | — | ||
| Q1 25 | $-1.5M | — | ||
| Q3 24 | $-652.0K | — | ||
| Q2 24 | $-872.0K | — | ||
| Q1 24 | $-82.0K | — | ||
| Q4 23 | $-103.0K | — |
| Q4 25 | $-21.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | -1143.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | 0.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | 0.0% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLNE
| Beeline Title Holdings | $1.4M | 73% |
| Other | $498.0K | 27% |
MWYN
| Other | $1.3M | 57% |
| Revenue From Recyclable Ewaste Materials Sales | $1.0M | 43% |
